Channel News
10 Cool Tech Companies That Raised Funding In November 2022
Rick Whiting
Security tech providers Apiiro and Bishop Fox, big data software developers Alation and MotherDuck, and machine learning startup Galileo are among the companies that raised new financing in November, a list led by data and memory connectivity technology startup Astera Labs.
WekaIO
Headquarters: Campbell, Calif.
CEO: Liran Zvibel
Funding: A $135 million Series D funding round.
Investors: The round was led by Generation Investment Management along with participation by new and existing investors including 10D, Atreides Management, Celesta Capital, Gemini Israel Ventures, Hewlett Packard Enterprise, Hitachi Ventures, Key1 Capital, Lumir Ventures, Micron Ventures, Mirae Asset Capital, MoreTech Ventures, Norwest Venture Partners, Nvidia, Qualcomm Ventures and Samsung Catalyst Fund.
What company does: The Weka Data Platform is a cloud-based data management system for next-generation workloads including AI and machine learning tasks.
CEO Quote: “In 2013, WEKA set out with a bold vision to create a fundamentally new approach to managing and storing data that could power the possibilities of the future by eradicating the compromises of the past. This funding round represents a tremendous milestone in realizing that vision, and we are grateful to our new and existing investors for their support. The new capital will allow us to invest in our product and go to market, maintain hypergrowth, and gives us the runway we need to become a profitable, independent company.”
